Benchmarking: Accounts Payable Management

To identify "Best in Class" accounts payable management processes, which, when implemented, will lead member companies to exceptional performance.

The Accounts Payable Management Benchmarking Consortium (APMBC) is an association of companies whose members conduct benchmarking studies to identify the best practices surrounding Accounts Payable Management that improves the overall operations of the members.

Benchmarking is a collaborative learning process among a group of companies to focus on specific operating practices, compare measures and results and identify improved processes within their organizations.

Key Components

Data gathering in the form of detailed surveys of measures and processes;
Identification of best performers; and
Site visits to the best companies.
Benchmarking Looks at Best Practices

Internally among divisions;
Within the industry; and
Outside the industry - out-of-box.

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This service is provided by The Benchmarking Network, Inc., an international resource for business process research and metrics. We lead studies with over 140,000 process leaders in over 65 countries. We provide benchmarking training and research to individual companies, professional and trade associations, and industry and process based groups. Since 1992, our over 300 benchmarking studies have spanned virtually all processes and industries to identify measures and collect data.

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Our Mission

The Benchmarking Network, Inc. is an international resource for business process research and metrics. We lead studies with over 140,000 process leaders in over 165 countries. We provide benchmarking training and research to individual companies, professional and trade associations, and industry and process based groups. Since 1992, our over 300 benchmarking studies have spanned virtually all processes and industries to identify measures and collect data to identify best practices including:

Outsource specialists have a better competency in delivering the process;

The workload for the process varies, making it difficult to effectively staff employees year round;

The process benefits from outside experiences;

Experienced specialists produce a higher quality result;

Independence from the politics of the organization improves the service; and

Experience means that outside providers can actually provide the service at a lower cost than doing it internally.

Outsourcing Benchmarking makes sense. Our clients have continually used our services to manage projects and facilitate the findings. We network over 5,000 process owners involved in Benchmarking and maintain relationships with key organizations that provide linkage to additional contacts. This allows us to forge out a custom group of Benchmark companies to meet very specific client needs.